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studies we have given to pakistan about energy that have been put to the shelf. it has not been able to respond. that is the pakistan failure. it is the u.s. failure, our inability to look after. the tendency to see the problems of counter-terrorism as an element of the relationship, or as i would put it, when you look at pakistan through the telescope of afghanistan, you see only one thing. if you insist on policy discussions in washington on the counter terrorism issue, focused on the immediate needs, very real and important needs, life and death needs, of the american effort in afghanistan, you run the risk of losing track of those goals that people like richard and hillary clinton, etc., articulated back in 2008. the american problem was that we were unable, i believe, to sort out in an effective way. when richard asked me to take this job, he made it quite clear -- those of you who know him, he is humble. he created a system where he was the sun, and all of the planets go around him. then the sun went out. the power of his personality was something we really needed. especially b
the big problems in this country. no. 1, we have so much energy in this country. let's get that energy in this country, create jobs. that will build prosperity. oil, gas, coal, nuclear, renewables, all of the above. the obama administration is standing in a way of what could be a promising explosion of energy. we have so much oil and gas because of new technology that we know how to get without harming the environment. this puts people to work and creates manufacturing jobs. it lowers gas prices. it lowers the cost to heat your home in the winter, to cool it in the summer, the electricity we pay. that means your paycheck goes farther. people living on fixed income have more income to live on. this is important. with an energy policy like the keystone pipeline, opening our land for development, we can stop sending our money to the middle east. it helps our economy and paychecks. [applause] another area -- we have all these people in between jobs. for every person who got a job last month, nearly four people stopped looking for a job. we are slipping behind. what we see when we look at t
of a poorly functioning financial sector. worryingly, the energy to implement the reforms that have been agreed as well as other reforms that we need are fading in little bit. and i am often asked and i am sure the some of the central bankers and providers are asked the same question. are we now better off than five years ago? probably so. are we out of the loop? do we have everything we need in terms of assistance, in terms of detecting the systems? most people, supervisors in particular, and certainly the imf would say not yet despite major progress. i know all of these seem a little bit bleak. but let me assure you that we have not overlooked the reaction to recent policy announcements. and those are strong and good positive reactions. but we have seen positive market response of before that turned out to be short-lived. this time, what we need is not bounce.balance we need a sustained rebound. to be different, we need certainty more than uncertainty and we need decision makers to turn into action takers. it will require courage and the ability to rise above the short- term agenda of
our oil imports in half by 2020, produce more american make energy from oil, natural gas, clean coal, biofuel. ladies and gentlemen, a lot of people do not understand this. i love to hear them talk about their energy policy, which is thrilled they be drilled. -- drill, baby, drill. there are more oil and gas rigs pumping today that all of the rest of the rigs in the entire rest of the world. that is why we are importing less than we have in decades. that is why we are in the position we are moving in. there is and exponentially -- exponential supply of natural gas if done right and real energy available in this country. the voted against it. we doubled the fuel economy standards for cars and trucks by 2025. [cheers and applause] by the way, that will save 12 billion barrels of oil over the period of time. i do not know how they do not think conservation is part of it. they do not know. third, we are going to maintain -- right now, there is a study pointing to the most productive workers in the world. they are american workers. there are -- they are three times as productive as our fr
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